Markets Right Now: Tech stocks lead US indexes lower

The latest on developments in financial markets (all times local):

Continue Reading Below

9:35 a.m.

Stocks are opening slightly lower as technology stocks give back some of their recent gains.

Intel lost 1.4 percent early Tuesday. Netflix plunged 13 percent after reporting subscriber growth figures that missed its own estimates. The stock is still up more than 80 percent this year.

In other earnings news, health care giant Johnson & Johnson rose 2.8 percent after reporting a strong quarter, thanks in part to solid earnings at its prescription drug business.

The S&P 500 index fell 6 points, or 0.2 percent, to 2,791.


The Dow Jones Industrial Average lost 50 points, or 0.2 percent, to 25,013. The Nasdaq composite fell 38 points, or 0.5 percent, to 7,766.

Bond prices rose. The yield on the 10-year Treasury fell to 2.85 percent.

Source: Read Full Article